HCMC – The south-central coastal province of Khanh Hoa has issued investment certificates and decisions on investment increases for projects with total pledged capital of over VND31,200 billion, reported the local media.
At a conference to announce the master plan and investment promotion of Khanh Hoa Province held on April 2, the provincial government granted approvals for eight projects worth a total of over VND31,200 billion. Among these, the Bai Cat Tham tourist area project in the Van Phong Economic Zone and the Vinhomes Happy Home social housing project are big-ticket ones with respective capital pledges of VND25,000 billion and VND3,756 billion.
Besides, memoranda of understanding were signed for 16 other projects in sectors of industrial park infrastructure, traffic infrastructure, social housing, resorts, aqua-products farming, and information technology, with VND80,600 billion in pledged investment capital.
According to the Government news website at chinhphu.vn, under the authorization of the prime minister, the minister of planning and investment issued a decision on approval in principle for the urban area project in Cam Ranh Bay. The 1,255-hectare project, with total pledged capital of VND85,200 billion, will have around 8,474 detached houses, 10,730 villas and 19,816 social homes to serve around 230,700 residents.
Khanh Hoa is planned to become a centrally-governed city, with an orientation of developing into an international sea tourism and service center under the approved master plan of Khanh Hoa Province in 2021-2030, with a vision toward 2050.